Funding round
The Exploration Company Series A
The Exploration Company, which works in reusable spacecraft manufacturing in Planegg, raised $44M in a Series A round announced on 1 Feb 2023. It is The Exploration Company's second venture round on record; the one before was a Seed in Nov 2021.
$44M
Amount raised
40,000,000 EUR converted
Not disclosed
Post-money valuation
Valuation
What this round says about the price
The Exploration Company did not disclose a valuation in this round. It came 15 months after The Exploration Company's Seed. It is 6.6% of the $660M The Exploration Company has raised in the venture rounds on record. The Exploration Company raised again 21 months later: a Series B round of $160M in Nov 2024.
The Exploration Company's funding rounds
The Exploration Company has 4 venture rounds on record. This one is highlighted.
Comparable rounds
How it compares
34 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 2.2 times the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 1 Feb 2023 | $4.2M | not disclosed | Main Sequence |
| ClearSpace Aerospace and Defence | 19 Jan 2023 | $29M | not disclosed | OTB Ventures and Swisscom Ventures |
| Aerospace and Defence | 9 Mar 2023 | $14M | not disclosed | Munich Re Ventures |
| Aerospace and Defence | 21 Mar 2023 | $10M | not disclosed | AE Industrial Partners |
| Aerospace and Defence | 17 Apr 2023 | $29M | not disclosed | not named |
| True Anomaly Aerospace and Defence | 6 Apr 2023 | $17M | not disclosed | Eclipse |
| Aerospace and Defence | 6 Dec 2022 | $13M | $108M | not named |
| Aerospace and Defence | 24 Apr 2023 | $9.0M | not disclosed | Hanwha Aerospace |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did The Exploration Company raise in its Series A round?
The Exploration Company raised $44M in its Series A round, announced in Feb 2023.
What was The Exploration Company's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
34 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 2.2 times the median.
Did The Exploration Company raise again after this round?
Yes: a Series B round in Nov 2024 of $160M.